Tag Archives: New York

New York rich face tax surprise when they die

taxedtodeath2

CNBC: If you’re a New York multimillionaire, you now have another incentive to stay alive.

A change this month in New York’s estate tax, which was billed as tax relief for the wealthy, contains a hidden wrinkle that could leave some multimillionaires with a much bigger surprise tax upon their death. Certain estates could even wind up with a tax rate of 164 percent on portions of their estates, according to one tax expert.

The changes were intended to ease the tax bill for wealthy New Yorkers and prevent them from fleeing to lower-tax states. A report from the Tax Foundation found that New York had the highest tax burden in the country as a percentage of state income. It found that New Yorkers spent 12.6 percent of their per capita income in 2011 on state and local taxes.

Instead of lowering the tax bill, the tax changes could hit some estates with much higher-than-expected rates.

“It’s nonsensical,” said Kevin Matz, an accountant and attorney in White Plains, N.Y. “The governor said this is about making New York a better climate for the wealthy. It’s had the opposite effect.”

On its face, the new law seems like tax relief. Under the previous law, New Yorkers paid estate taxes of 3.06 percent to 16 percent on the value of estates over $1 million. The new law raises that exclusion to $2.062 million this year and gradually increases it to more than $5 million by 2017.

But because the law also phases out certain credits related to federal taxes, people who have estates valued just above the $2 million threshold could get massive estate tax bills. An analysis by U.S. Trust found that a New York resident who dies today with a taxable estate of $2,165,625 could have to pay an estate tax of over $112,050. That represents a tax of over 100 percent on the value of the estate over $2,062,000.

It gets worse in a few years. Matz said that assuming that the exclusion rises to $5,250,000, a New Yorker with a taxable estate of $5,512,500 would have to pay an estate tax of $430,050. That’s a marginal tax rate of 164 percent on the value of the estate above the exclusion.

It’s a bait and switch,” Matz said. The solution, he said, is to not phase out the tax credits. Or, the state could also allow them to phase out over a much longer period of time.

The New York State Society of CPAs and other groups have sent letters to New York lawmakers in hopes of getting a quick fix. So far, there has been little response.

A spokesman for the New York State Division of the Budget said that while the marginal rates may have changed, “No one’s taxes have gone up. The dollar amount they pay does not increase.”

He added that the tax change has insured that by the time it’s fully implemented in 2017, 90 percent of New York’s estates will no longer be taxed.

Matz, however, said the issue is not just a problem for the so-called rich. When you add up the value of property, pension plans, 401(k) plans and other assets, a New Yorker with just over $2 million in New York “is not exactly super rich. In a state with a high cost of living, that’s not that unusual.”

DCG

It took 12 years, Workers finally completed spire on One World Trade Center

It is inspiring, and may I just add those Ironworkers are completely   stark raving MAD!

~ Steve~                              H/T      The I_Man

PS. Click pics to enlarge.

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These amazing photos of the 1776 foot tall new trade center have now been published, and boy are they exciting! This new tower is certainly beautiful, and will be a source of pride no doubt to people of New York City, who have lost so much 12 years ago.  See the stunning views and the enormous amount of construction this project entails!

Working above 1,700 feet in the air! Ironworkers install final sections on top of One WTC, May 2013

Working above 1,700 feet in the air! Ironworkers install final sections on top of One WTC, May 2013

“Iron workers and engineers prepare the beacon that will sit on top of One WTC’s spire.”

“Iron workers and engineers prepare the beacon that will sit on top of One WTC’s spire.”

Incredible view of the city and its new tower

Incredible view of the city and its new tower

“From on top of One WTC, you can see the East River Bridges, Brooklyn and Queens.”

“From on top of One WTC, you can see the East River Bridges, Brooklyn and Queens.”

5

“Window installers walk along beams at dizzying heights from the 102nd Floor of One WTC to install curtain wall panels.”

“Window installers walk along beams at dizzying heights from the 102nd Floor of One WTC to install curtain wall panels.”

Final 2 pieces of #One WTC spire sit next to previously installed sections. When connected, One WTC will stand 1776 ft.

Final 2 pieces of #One WTC spire sit next to previously installed sections. When connected, One WTC will stand 1776 ft.

“Ironworkers courageously guide spire sections 17 and 18 into place.”

“Ironworkers courageously guide spire sections 17 and 18 into place.”

“Spire Gang From left to right: Kevin Boyle, Richie Christy, Brett Davis, Kevin Sabbagh, Mark Donnelly, Arthur Peart”

“Spire Gang From left to right: Kevin Boyle, Richie Christy, Brett Davis, Kevin Sabbagh, Mark Donnelly, Arthur Peart”

Looking way, way down. The Original footprints.

Looking way, way down.
The Original footprints.

The WTC site

The WTC site

Ironworkers at #One WTC look on as the final flag-draped section of spire is hoisted to the top of the building.

Ironworkers at #One WTC look on as the final flag-draped section of spire is hoisted to the top of the building.

And That I call Amazing!

:   dancingbanana  Apple  Carrot  Chilli  Cheese  Muffin  PurpleBanana    Pineapple  Strawberry

Cinco de Mayo. And Now The Rest Of The Story.

Most people don’t know that back in 1912, Hellmann’s mayonnaise was manufactured in England. In fact, the Titanic was carrying 12,000 jars of the condiment scheduled for delivery in Vera Cruz, Mexico, which was 
to be the next port of call for the great ship after its stop in New York.      

hellmans

This would have been the largest single shipment of mayonnaise ever delivered to Mexico. But as we know, the great ship did not make it to New York. The ship hit an iceberg and sank. The people of Mexico, who were crazy about mayonnaise, and were eagerly awaiting its delivery, were disconsolate at the loss. Their anguish was so great, that they declared a National Day of Mourning.

titanic-sinking

The National Day of Mourning occurs each year on May 5th and is known, of course, as – Sinko De Mayo.

~Steve~                                               H/T   Mark McGrew

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Yankees, other MLB teams play ‘Sweet Caroline’ in Boston tribute

trust me the yanks and boston hate each other. It says a lot about us as a nation whenever tragedy strikes, we pull together. this is just one more example.   

Associated Press

NEW YORK — A stadium full of Yankees fans stood arm in arm at the bottom of the third inning in the Bronx, singing along to “Sweet Caroline,” the Boston Red Sox anthem. Irony and sarcasm were absent. Sincerity was the mood of the night.

The rival teams have buried the hatchet — at least for now. Yankee fans belted out the Neil Diamond hit during a game Tuesday against the Arizona Diamondbacks, showing solidarity with their neighbor to the north a day after explosions at the Boston Marathon killed three people and injured more than 170.

The Yankees’ gesture Tuesday resonated with Diamond, who tweeted his appreciation.

Neil Diamond ✔ @NeilDiamond

Thank you NY Yankees for playing ‘Sweet Caroline’ for the people of Boston. You scored a home run in my heart. With respect, Neil #OneBoston
8:30 PM – 16 Apr 2013

“Sweet Caroline” also was played at Wrigley Field, Dodger Stadium, Marlins Park, Safeco Field, O.co Coliseum, Great American Ball Park, and at Cleveland’s Progressive Field, where the Red Sox beat the Indians 7-2.

“That was a very classy touch,” said Indians skipper Terry Francona, who managed the Red Sox for eight years.

The Milwaukee Brewers put a different spin on their tribute; they played the theme to the NBC television sitcom “Cheers,” which was set in Boston.

The Red Sox-Yankees rivalry — which has reared its ugly head in bench-clearing brawls and fan assaults over the years — is just one difference between the cities, both among the oldest in the country and each with a rich history.

But look around New York this week, and you’ll see nothing but love for Boston.

In what city officials said was a first, the bright-blue Boston city flag flew at half-staff at New York City Hall, on the orders of Mayor Michael Bloomberg, who grew up in the Boston suburb of Medford.

“We stand shoulder to shoulder with our friends in Boston, as all Americans do,” said Bloomberg, who in 2006 founded the group Mayors Against Illegal Guns with Boston Mayor Thomas Menino. Bloomberg said he phoned his counterpart Monday to offer him any help New York could provide.

In Brooklyn on Monday night, an Occupy Wall Street group, the Illuminator, projected in large neon lights on the walls of the Brooklyn Academy of Music the two teams’ logos, a heart inserted in between them, to read “NY(heart)B.” The image has gone viral.

New York Roman Catholic Cardinal Timothy Dolan, celebrating Mass at St. Patrick’s Cathedral in New York on Tuesday, said a special prayer for Boston.

“You’ve got our love, you’ve got our hope and you’ve got our solidarity,” he said. “You’re going to get through it.”

Joe Daniels, president and CEO of the National September 11 Memorial and Museum, sent out an email offering comfort to Bostonians.

“The 9/11 Memorial is a constant reminder not only of what we have endured as a result of terrorism, but also of our ability to come together with limitless compassion,” he wrote. “In the wake of the Boston attacks, this spirit of unity is more important than ever.”

Tension has bubbled between Boston and New York since the 17th century, when the Puritans, who founded Boston, and the Dutch, who founded New York, squabbled over Long Island, said Professor Bill Fowler, a Northeastern University historian and former director of the Massachusetts Historical Society.

“We’re so small compared to New York, but we’re so powerful,” said Fowler, acknowledging that Boston, with just over 600,000 residents, is smaller than the borough of Brooklyn. “On per capita basis, we’ve got you beat, it’s just that you’re bigger.”

For Yankees fan Steve Sanzillo, who is still going back and forth with his wife, a Sox fan, over which baseball team their 19-month-old son Jackson will root for, Monday’s attack did more to unify the cities than any rivalry could divide.

“It just brings back all the memories of 2001,” he said. “I think I speak for all New Yorkers by saying our hearts are with Boston.”

At Yankee Stadium, where police helicopters buzzed overhead and counterterrorism officers patrolled the outside, there was a sense of empathy among the fans, residents of a city no stranger to terrorism giving a knowing nod to their usually despised counterparts from Boston.

“I’ve been getting a lot of looks, kind nods,” said Boston native Christine Sanzillo, 34, wearing in a Red Sox hat alongside her husband, a New York native. “It’s a positive energy here today. Once my mother had a beer poured on her head.”

During a moment of silence at the start of the game, a large commemorative ribbon with logos from the two teams was shown on the electronic board atop the ballpark.

“But what’s going to happen when the Knicks and Celtics square off?” Petti — “Yankee Mike” — said, referring to the upcoming playoff game between the two cities’ basketball teams.

“They’ll show some respect,” he said, “then they’re going to want to beat each other.”

http://aol.sportingnews.com/mlb/story/2013-04-16/new-york-yankees-sweet-caroline-boston-red-sox-marathon-victims-tribute?icid=maing-grid7%7Cmain5%7Cdl1%7Csec1_lnk3%26pLid%3D299513

~Steve~

 

New York Police Confiscating Firearms from People Taking Anti-anxiety Medication

Yep folks inch by inch they are coming. Is anyone else besides me tired of playing by the rules? You know we’re the good guys and we don’t cheat.

Frankly I am so sick and friggen tired of it. They just trample EVERYTHING that is decent and right that is in this world. They lie, cheat , beat , and yes even kill for their agenda. How bout we start drawing a line in the sand and say you better not cross this or I’m gonna bop you UPSIDE the head. I’m sorry but

the marquis de queensbury rules simply don’t apply anymore.

I forget who said it But it went something like this.

“All that is necessary for evil to triumph is for good men to do nothing”  

This story grabs me by my gut and makes me want to hurl. HIPPA, Dr. Patient ——privacy, civil rights. Where is the outrage.?—————–

Government increases “onerous activity” to confiscate legal firearms.

Infowars.com
April 9, 2013

handgun

The New York State Police are suspending the handgun permits of people in the state who are prescribed anti-anxiety medication, according to Jim Tresmond of the Tresmond Law Firm in Hamburg, New York. Tresmond Law specializes in firearm litigation.

“We are representing a client right now who is impacted by this onerous activity of the government,” Tresmond told WBEN, a news talk radio station in Buffalo, New York.

“We were flummoxed by this whole matter,” the attorney said. “The HIPPA act is supposed to prevent this kind of thing from happening. It’s a gross invasion of our privacy rights.”

The Health Insurance Portability and Accountability Act Privacy Rule establishes national standards to protect individuals’ medical records and other personal health information, according to the Department of Health and Human Services.

Tresmond said the New York State Police are responsible for taking action against legal firearms owners. “Based on information the county received from the New York State Police, they’ve suspended the permits. The State Police instigates the proceedings.”

Section 9.46 of the NY SAFE Act of 2013 authorizes therapists, doctors, nurses and social workers to report patients they determine may engage in conduct that may result in harm to self or others. If a determination is made that the person in question poses a threat, the provision permits the government to confiscate firearms. The provision is a direct violation of the Fourth Amendment and the legal standard of probable cause.

Experts said many mental health providers will likely ignore the provision.

NY SAFE was passed by the New York State Legislature on January 15, 2013, and was signed into law by Governor Andrew Cuomo the same day.

This article was posted: Tuesday, April 9, 2013 at 4:52 pm

~Steve~                   H/T  INFOWARS

 

I Like This Idea. Now That Ought To Scare You. LOL

8

Gun Manufacturers Refuse To Sell To Government Agencies.

posted on February 18, 2013 by Philip Hodge politicaloutcast.com                

UPDATE!!! CONTACT INFO BELOW.

For months, we’ve been showing the hypocrisy of the left when it comes to guns. They don’t want guns for citizens to protect themselves, but they want guns for police, government officials and bodyguards. And no one can justify having an AR-15. Even though it is only a semi-automatic weapon like most handguns, they look scary, and therefore should not be accessible to citizens. Police and military, sure, but not ordinary people.

Well, it looks like those restrictions are backfiring. Six firearms manufacturers are fed up with these gun control laws around the country, and they’ve made announcements stating that they will no longer be selling their products to any government agency within a jurisdiction that restricts firearms from citizens.

Olympic Arms had this to say:

 “Due the passing of this legislation, Olympic Arms would like to announce that the State of New York, any Law Enforcement Departments, Law Enforcement Officers, First Responders within the State of New York, or any New York State government entity or employee of such an entity – will no longer be served as customers. In short, Olympic Arms will no longer be doing business with the State of New York or any governmental entity or employee of such governmental entity within the State of New York – henceforth and until such legislation is repealed, and an apology made to the good people of the State of New York and the American people.”

Here’s another statement from York Arms:

Based on the recent legislation in New York, we are prohibited from selling rifles and receivers to residents of New York. We have chosen to extend that prohibition to all governmental agencies associated with or located within New York. As a result we have halted sales of rifles, short-barreled rifles, short barreled shotguns, machine guns, and silencers to New York governmental agencies.”

 Other manufacturers include LaRue Tactical, Extreme Firepower, Templar Custom and Cheaper than Dirt.

They’re only being consistent and fair. And liberals are all about making sure we all have “equal rights.” So, if these manufacturers are not allowed to sell a particular gun or clip to a regular, law-abiding citizen, then forget it, they’re not going to sell it to a police officer or the mayor’s security detail either.

Now, if we could just get Glock, Sig Sauer and Smith and Wesson on board, then that could do some real damage. If they do join the boycott, watch for the government mandate requiring that they continue manufacturing for the government.

U.S. Headquarters

GLOCK, Inc.
6000 Highlands Parkway
Smyrna, GA 30082
USA     

770-432-1202 Phone
770-433-8719 Fax
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U.S. Headquarters
SIG SAUER, Inc.

18 Industrial Drive
Exeter, NH 03833
Phone: 603-772-2302
Fax: 603-772-9082
http://www.sigsauer.com
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Smith & Wesson

By Email: qa@smith-wesson.com

By Telephone:
1-800-331-0852 (USA)
Mon-Fri 8:00AM-8:00PM Eastern Time 

1-413-781-8300 (International)
Mon-Fri 8:00AM-5:00PM Eastern Time

By Fax:
1-413-747-3317 (USA)
1-413-731-8980 (International)

 

Read more: http://politicaloutcast.com/2013/02/gun-manufacturers-refuse-to-sell-to-government-agencies/#ixzz2LcjJisSG

~Steve~

Journal News. Ahh, I love Karma

so it seems the tables have been turned. Info on journal news publisher and employees has been released. hehehehehehe. got to love karma. ~steve~

Map: Where are the Journal News employees in your neighborhood?

By Robert Cox on Wed, 12/26/2012 – 17:39

The map indicates the addresses of all Journal News Employees in the New York Tri-State area. Each dot represents an individual Journal News employee — a reporter, editor or staffer. The data does not include freelancers — reporters or photographers — which can be hired without being an employee. Being included in this map does not mean the individual at a specific location is a responsible reporter or editor, just that they are a reporter or editor.

Data for all categories is included, but certain information is not available on an individual basis.

To create the map, Talk of the Sound submitted Google searches for the names and addresses of all Journal News employees in the New York Tri-State area. By state law, the information is public record.

Readers are still putting together records and could not immediately provide some data. The map will be updated when that data is released.

http://www.newrochelletalk.com/content/map-where-are-journal-news-employees-your-neighborhood

MAP HERE!!

Shocker Not Number 2.

Well it seems the idiots at the Journal news have had to hire armed guards. Hmm, wonder why.     ~Steve~

Newspaper That Published The Names & Addresses of Gun Owners Hires Armed Guards

Posted on January 1, 2013 at 11:22pm by Becket Adams

The Gannett-owned newspaper that caused a stir by printing the personal information of registered gun owners in New York’s Westchester, Rockland, and Putnam counties has discovered that it’s no fun having your personal information exposed to the entire world.

Responding to a national backlash over their decision to publish an interactive map with the names and addresses of registered gun owners, the editorial staff at Gannett’s Journal News has hired armed guards to watch over their building.

“A Clarkstown police report issued on December 28, 2012, confirmed that The Journal News has hired armed security guards from New City-based RGA Investigations and that they are manning the newspaper’s Rockland County headquarters … through at least tomorrow, Wednesday, January 2, 2013,” the County Times reports.

Journal News Rockland Editor Caryn A. McBride said she was genuinely surprised to discover that publishing a map with the names and addresses of gun owners would result in “negative correspondence,” that is, an “avalanche” of angry phone calls and emails, police reports note

“Due to apparent safety concerns, the newspaper then decided to hire RGA Investigations to provide armed personnel to man the location,” the County Times report adds.

But even though they’ve successfully outraged thousands of private citizens, there have been no problems reported at the Journal News headquarters “despite the massive influx of phone calls and emails,” Private investigator Richard Ayoob told the Clarkstown Police Friday.

“McBride had filed at least two reports with the Clarkstown Police Department due to perceived threats. However, the police did not find the communications in question actually threatening,” the report adds. “Incident-Report 2012-00033099 describes McBride telling police she was worried because an email writer wondered ‘what McBride would get in her mail now.’”

http://www.theblaze.com/stories/newspaper-that-published-the-names-addresses-of-gun-owners-hires-armed-guards/

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Conn. elementary school massacre: 26 dead, incl. 20 children

light in darkness

New York CBS News is reporting a slaughter of the innocents.

20 Children Among 26 Dead In Newtown Elementary School Massacre

Gunman Opens Fire Inside Sandy Hook Elementary School Early Friday

NEWTOWN, Conn. (CBSNewYork) –

Twenty children are among 27 people who were killed Friday morning after a gunman opened fire at Sandy Hook Elementary School in Newtown, Conn.

State Police Lt. Paul Vance said 18 children and 6 adults were pronounced dead at that scene. Two other children later died at the hospital.

Among those dead is the gunman, identified as 24-year-old Ryan Lanza, 20-year-old Adam Lanza. He was found dead inside the building from an apparent self-inflicted gunshot wound, sources told CBS 2.

The shooting has become the second-deadliest school shooting in the nation’s history, exceeded only by the 2007 massacre at Virginia Tech.

A 28th victim, an adult male, was found dead at a secondary crime scene, Lance said. He would not elaborate on the details.

Lance said the shooting occurred in two different classrooms in one section of the school.

One of the adult victims is Lanza’s mother who was a teacher at the school, sources told CBS 2. Some of the child victims were her students, sources said.

I can’t go on. Rest of tragedy HERE!!

Additional links here:

http://www.courant.com/news/breaking/hc-police-responding-to-incident-in-newtown-20121214,0,3969911.story

http://abcnews.go.com/US/newtown-shooting-residents-shocked-mass-killing-adorable-town/story?id=17976401

http://www.washingtonpost.com/politics/school-shooting-president-obamas-remarks-on-the-shooting-at-sandy-hook-elementary-school-in-newtown-conn-transcript/2012/12/14/49ef7d70-461d-11e2-9648-a2c323a991d6_story.html

~Steve~

See an Update to this story: “The man responsible for killing 26 in Sandy Hook Elementary School

 

In the Aftermath of Hurricane Sandy – Obamabots Dance in the Streets?

  Lasty Saturday, instead of pitching to help fellow New Yorkers  struggling to cope with the total devastation of Hurricane Sandy, these oblivious Obamabots literally danced in the street.  Go here for the video

 Hurricane Sandy Live Blog, Day 8: 113 Dead

The International Business Times Reports: The latest estimate of current customer outages appears in the U.S. Energy Department’s “Hurricane Sandy Situation Report #15,” which was published Sunday at 3 p.m. EST. Below is the report’s state-by-state breakdown of these power outages:
New Jersey: 999,927
New York: 654,623
Pennsylvania: 77,630
Connecticut: 64,955
West Virginia: 41,618
Ohio: 10,007
Maryland: 7,198
Total: 1,855,958